‘Nonsensical’ for CCA to declare bankruptcy
A key Sarkis Izmirlian ally yesterday reiterated it would be “nonsensical” and “ground breaking” for Baha Mar’s contractor and its affiliates to declare bankruptcy as protection against his $1.642bn damages award.
Abaco resort concern over slower bookings
An Abaco resort yesterday voiced concern over slower forward bookings even though revenues year-to-date are up 7 percent on a record-breaking 2023.
Bay Street taxi fight ‘not armed robbery’
Bahamian businesses yesterday called for a greater police presence in commercial areas ahead of the upcoming season after a visitor suffered “minor injuries” in a dispute with a taxi driver.
NAD unveils plans for up to $8.5m solar build-out
Lynden Pindling International Airport’s (LPIA) operator will tomorrow unveil plans to invest up to $8.5m in a solar energy project it hopes to start constructing by fall 2025.
Travel event set to showcase Bahamas’ ‘frontrunner’ status
The Ministry of Tourism’s director-general is leading the Bahamian delegation at a three-day global travel trade show in London that is due to end tomorrow.
American mega resorts owner in negotiations to buy Atlantis
The multi-billion dollar owner of iconic Las Vegas mega resorts such as Caesars Palace, MGM Grand and the Venetian is exploring a deal for Paradise Island's Atlantis resort.
Energy forum to promote renewables and reforms
A Cabinet minister yesterday announced that The Bahamas will host an energy forum in a bid to promote energy efficiency and support the increased use of renewable sources.
Pintard: Liveable wage will grow Bahamas middle class
The Opposition’s leader yesterday said implementing an as-yet undefined and undetermined liveable wage could help more Bahamians gain middle class status.
Entrepreneur launches platform to manage customer relationship
A Bahamian entrepreneur yesterday said he has launched a customer relationship management platform targeting especially micro, small and medium-sized businesses in the Bahamian market.
Creative entrepreneurs to be awarded grants
The Small Business Development Centre (SBDC) will tonight name the 39 ‘orange economy’ entrepreneurs who are set to receive a collective $162,538 in grant funding.
Bahamas must ‘flirt’ with 3% growth to sustain jobless cut
The Bahamas must “flirt” with sustained annual economic growth of up to 3 percent to further slash structural unemployment and prove external forecasters wrong, the Central Bank’s governor said yesterday.
Regulator to ‘tolerate’ larger bank dividends to ease fee pressures
The Central Bank’s governor yesterday said it will “tolerate” larger dividend payments to the Canadian parents of Bahamian commercial banks to ease the pressure for further fee increases.
Vacation rental ‘dampening’ fears from pricing declines
The Central Bank’s governor yesterday voiced concern that declining vacation rental prices and occupancies could “dampen new investments” in the sector if this drop-off becomes a sustaining trend.
Key CCA executive now Bahamas ‘special envoy’
A senior China Construction America (CCA) executive who played a key role in the Baha Mar dispute appears to have further prospered through being appointed “a special envoy” by the Bahamian government.
Hotels facing risk in CCA court fight
Baha Mar’s contractor yesterday obtained an “emergency stay” to protect “hundreds” of Bahamian jobs and block the potential “liquidation” of its two Nassau resorts from Sarkis Izmirlian enforcing his $1.642bn award.
